ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 0.023700000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.024310000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.024360000 |
| 2nd High | 0.024330000 |
| Next High | 0.024310000 |
| Current Price | 0.024070000 |
| Next Low | 0.023700000 |
| 2nd Low | 0.023470000 |
| 3rd Low | 0.023090000 |
0.024310000 – 0.024330000 – 0.024070000 – 0.023700000 – 0.023840000 – 0.023980000
Trading Signals: FOREX – ETH – ETH/BTC – BTC – Three Outside Down